Aside from knowing in advance "when" price turns will likely occur, astrology can also be used in pinpointing at "what" specific price range reversals will take place. This is actually pioneered by W.D. Gann.
W.D. Gann is a stock market legend in early 20th century. He used several techniques including astrology. He became famous for predicting the crash in 1929. He was among the pioneers of studying long-term cycles in the market.
I've recently been trying a technique of W.D. Gann (as understood by Bill Meridian) in pinpointing in advance the resistance and support of a stock.
This is still an experiment but looking at the past correlation is very encouraging. Based on this technique the previous support was 545-551, which was correct. 2005's rise ended very close to this level in December 2005. $425 acted as support for the greater part of 2005.
Previous support/resistance levels were at:
$600; $520 ; $501
$425; $320 ; $240
$190; $160 ; $140
$65
As price targets, I came out with these figures as the upcoming resistance for Gold in the near future: $674-680 ; $785.
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Comments: 3
next resistance will be 733 and then 784.
From the resistance at $ 677 gold fell further and found support at $602.61.